ADVERTISEMENT

Bulgaria GDP expands at a slightly softer pace in Q4

Figures

Photo by Feng Yu / Shutterstock.com

Bulgaria's gross domestic product (GDP) increased by 4.5% year-on-year in the last quarter of 2021, following a 5% annual increase in the third quarter, the Sofia-based National Statistical Institute (NSI) said in a flash estimate on Wednesday.

Consumption grew faster (7.9% vs 7.1% in Q3) and net foreign trade contributed positively as exports surged 12.9% (vs 10% in Q3) while imports rose at a softer 11.2% (vs 14.3%).

However, gross fixed capital formation declined further (-12.5% vs -11.7% in Q3).

On a quarterly basis, Bulgaria's GDP rose by 1%, quickening from an upwardly revised 0.8% in the third quarter of the year, the statistics institute said quoting seasonally adjusted data.

Bulgaria's GDP totaled BGN 38.5 billion (EUR 19.7 billion) at current prices in the period under review.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.